adobe inc. - ADBE

ADBE

Close Chg Chg %
499.50 4.94 0.99%

Closed Market

504.44

+4.94 (0.99%)

Volume: 2.00M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

Company Overview: adobe inc. - ADBE

ADBE Key Data

Open

$502.10

Day Range

493.14 - 508.57

52 Week Range

433.98 - 638.25

Market Cap

$219.88B

Shares Outstanding

440.20M

Public Float

438.41M

Beta

1.30

Rev. Per Employee

N/A

P/E Ratio

42.19

EPS

$11.91

Yield

0.00%

Dividend

$0.01

EX-DIVIDEND DATE

Mar 24, 2005

SHORT INTEREST

N/A

AVERAGE VOLUME

2.65M

 

ADBE Performance

1 Week
 
0.21%
 
1 Month
 
4.28%
 
3 Months
 
-9.65%
 
1 Year
 
-18.56%
 
5 Years
 
68.54%
 

ADBE Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 43
Full Ratings ➔

About adobe inc. - ADBE

Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products and services that enable individuals, teams, businesses, and enterprises to create, publish, and promote content anywhere and accelerate productivity by transforming view, share, engage with and collaborate on documents and creative content. The Digital Experience segment focuses on integrated platform and set of products, services, and solutions that enable businesses to create, manage, execute, measure, monetize, and optimize customer experiences that span from analytics to commerce. The Publishing and Advertising segment includes legacy products and services that address diverse market opportunities, including eLearning solutions, technical document publishing, web conferencing, document and forms platform, web app development, high-end printing, and Adobe Advertising offerings. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.

ADBE At a Glance

Adobe, Inc.
345 Park Avenue
San Jose, California 95110-2704
Phone 1-408-536-6000 Revenue 19.37B
Industry Packaged Software Net Income 5.43B
Sector Technology Services 2023 Sales Growth 11.119%
Fiscal Year-end 11 / 2024 Employees 29,945
View SEC Filings

ADBE Valuation

P/E Current 42.185
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 51.791
Price to Sales Ratio 14.515
Price to Book Ratio 16.871
Price to Cash Flow Ratio 38.50
Enterprise Value to EBITDA 36.712
Enterprise Value to Sales 14.321
Total Debt to Enterprise Value 0.015

ADBE Efficiency

Revenue/Employee 646,785.774
Income Per Employee 181,265.654
Receivables Turnover 8.189
Total Asset Turnover 0.68

ADBE Liquidity

Current Ratio 1.343
Quick Ratio 1.343
Cash Ratio 0.95

ADBE Profitability

Gross Margin 86.979
Operating Margin 34.134
Pretax Margin 35.104
Net Margin 28.026
Return on Assets 19.064
Return on Equity 35.513
Return on Total Capital 26.352
Return on Invested Capital 28.108

ADBE Capital Structure

Total Debt to Total Equity 24.70
Total Debt to Total Capital 19.808
Total Debt to Total Assets 13.701
Long-Term Debt to Equity 24.258
Long-Term Debt to Total Capital 19.453
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Adobe Inc. - ADBE

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
12.87B 15.80B 17.43B 19.37B
Sales Growth
+15.57% +22.82% +10.31% +11.12%
Cost of Goods Sold (COGS) incl D&A
1.88B 2.04B 2.33B 2.52B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
844.00M 861.00M 939.00M 944.00M
Depreciation
477.00M 507.00M 534.00M 569.00M
Amortization of Intangibles
367.00M 354.00M 405.00M 375.00M
COGS Growth
+1.95% +8.12% +14.58% +8.05%
Gross Income
10.98B 13.76B 15.10B 16.85B
Gross Income Growth
+18.29% +25.34% +9.68% +11.59%
Gross Profit Margin
+85.36% +87.11% +86.61% +86.98%
2020 2021 2022 2023 5-year trend
SG&A Expense
6.75B 7.95B 9.17B 10.23B
Research & Development
2.19B 2.54B 2.99B 3.47B
Other SG&A
4.56B 5.41B 6.19B 6.76B
SGA Growth
+11.42% +17.77% +15.45% +11.57%
Other Operating Expense
- - - -
-
Unusual Expense
(9.00M) (7.00M) 29.00M (10.00M)
EBIT after Unusual Expense
4.24B 5.83B 5.89B 6.62B
Non Operating Income/Expense
46.00M (11.00M) 223.00M 286.00M
Non-Operating Interest Income
43.00M 17.00M 61.00M 269.00M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
113.00M 109.00M 108.00M 108.00M
Interest Expense Growth
- -27.56% -3.54% -0.92%
Gross Interest Expense
113.00M 109.00M 108.00M 108.00M
Interest Capitalized
- - - -
-
Pretax Income
4.18B 5.71B 6.01B 6.80B
Pretax Income Growth
+30.31% +36.61% +5.31% +13.17%
Pretax Margin
+32.46% +36.11% +34.47% +35.10%
Income Tax
(1.08B) 883.00M 1.25B 1.37B
Income Tax - Current - Domestic
198.00M 494.00M 597.00M 1.46B
Income Tax - Current - Foreign
222.00M 197.00M 329.00M 335.00M
Income Tax - Deferred - Domestic
(191.00M) (167.00M) (34.00M) (649.00M)
Income Tax - Deferred - Foreign
(1.31B) 359.00M 360.00M 227.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
5.26B 4.82B 4.76B 5.43B
Minority Interest Expense
- - - -
-
Net Income
5.26B 4.82B 4.76B 5.43B
Net Income Growth
+78.22% -8.33% -1.37% +14.13%
Net Margin Growth
+40.89% +30.52% +27.29% +28.03%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
5.26B 4.82B 4.76B 5.43B
Preferred Dividends
- - - -
-
Net Income Available to Common
5.26B 4.82B 4.76B 5.43B
EPS (Basic)
10.9378 10.1027 10.1192 11.8775
EPS (Basic) Growth
+80.22% -7.63% +0.16% +17.38%
Basic Shares Outstanding
480.90M 477.30M 470.00M 457.00M
EPS (Diluted)
10.8342 10.025 10.0977 11.8257
EPS (Diluted) Growth
+80.45% -7.47% +0.73% +17.11%
Diluted Shares Outstanding
485.50M 481.00M 471.00M 459.00M
EBITDA
5.08B 6.68B 6.86B 7.55B
EBITDA Growth
+28.07% +31.53% +2.72% +10.12%
EBITDA Margin
+39.47% +42.27% +39.36% +39.01%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 610.501
Number of Ratings 43 Current Quarters Estimate 4.668
FY Report Date 11 / 2024 Current Year's Estimate 18.269
Last Quarter’s Earnings 4.65 Median PE on CY Estimate N/A
Year Ago Earnings 16.07 Next Fiscal Year Estimate 20.531
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 31 25 36 37
Mean Estimate 4.67 4.94 18.27 20.53
High Estimates 4.80 5.09 18.41 21.14
Low Estimate 4.63 4.85 18.01 19.98
Coefficient of Variance 0.63 1.42 0.34 1.45

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 23 23 26
OVERWEIGHT 7 7 7
HOLD 10 10 8
UNDERWEIGHT 0 0 1
SELL 3 3 2
MEAN Overweight Overweight Overweight

Insider Actions for Adobe Inc. - ADBE

Date Name Shares Transaction Value
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 366,636 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $521.43 per share 191,175,009.48
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 362,437 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $522.71 per share 189,449,444.27
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 359,802 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $523.33 per share 188,295,180.66
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 358,050 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $524.86 per share 187,926,123.00
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 357,700 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $525.7 per share 188,042,890.00
Sep 27, 2024 Shantanu Narayen Chair and CEO; Director 370,645 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $520.25 per share 192,828,061.25
Aug 20, 2024 Daniel J. Durn EVP & CFO 29,346 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Aug 20, 2024 Daniel J. Durn EVP & CFO 27,338 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $554.16 per share 15,149,626.08
Aug 20, 2024 Daniel J. Durn EVP & CFO 3,837 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 Gloria Chen EVP, Chief People Officer 6,194 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 21,889 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $565.71 per share 12,382,826.19
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 20,359 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $560.23 per share 11,405,722.57
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 19,658 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $564.6 per share 11,098,906.80
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 9,959 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 8,015 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 David Wadhwani President, Digital Media 12,189 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 21,633 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $565.71 per share 12,238,004.43
Jul 18, 2024 David Wadhwani President, Digital Media 12,250 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 David Wadhwani President, Digital Media 12,034 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $565.71 per share 6,807,754.14
Jul 18, 2024 Scott Belsky Chief Strategy Officer & EVP 22,183 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Adobe Inc. in the News